UK - Lion Capital to scrap Wagamama float

Lion Capital is understood to have scrapped its plans to float noodle bar Wagamama in favour of a sale of the business. Lion Capital has received written confirmation from a number of interested parties offering to pay more than the IPO's ТЃ225m target valuation from which investors are believed to be shying away. This news could have implications for Phoenix Equity Partners' planned ТЃ100m listing of its portfolio restaurant chain Gaucho.